Samsung Electronics, SK Hynix Shares Soar On OpenAI's Korean Data Center Push [Forbes]
SK Telecom Co., Ltd. (SKM)
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sktelecom.com/en/investor/lib/announce.do
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Source: Forbes
hares of South Korean billionaire Jay Y. Lee 's Samsung Electronics and billionaire Chey Tae-won 's SK Hynix surged to record levels after the companies joined forces with OpenAI to help with the American AI titan's Stargate data center project. OpenAI, run by billionaire Sam Altman , unveiled Wednesday a raft of strategic partnerships with Samsung Group, SK Group and South Korea's Ministry of Science and ICT to support the Stargate initiative, a $500 billion project to develop AI data center infrastructure for OpenAI. Since launching in January, Stargate has already onboarded the likes of billionaire Jensen Huang's Nvidia, software giant Oracle and SoftBank-backed chip design company Arm. SK Hynix's stock price climbed almost 10% to close at an all-time high, while Samsung's rose by about 3.5%, reaching a four-year peak. The partnerships, in the form of letters of intent and memorandums of understanding, center on providing cutting-edge memory chips for Stargate operations and
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SKM
News
- Venture Capitalist Antoine Blondeau On Asia's Hottest AI Markets [Forbes]Forbes
- Bybit Eyes South Korean Expansion with Korbit Acquisition [Yahoo! Finance]Yahoo! Finance
- The 'League of Legends' world final is shaping up to be one of the gaming business's biggest showdowns yet [Business Insider]Business Insider
- Anthropic to open South Korea office as part of Asia expansion [Yahoo! Finance]Yahoo! Finance
- Seoul weighs approval for Google, Apple high-resolution map requests [TechCrunch]TechCrunch
SKM
Sec Filings
- 10/30/25 - Form 6-K
- 10/30/25 - Form 6-K
- 10/23/25 - Form 6-K
- SKM's page on the SEC website